The Community Foundation
of Randolph County
1 Taylor Street Room 106
Chester, Illinois 62233
618.826.5000 Ext. 221
All Gifts Are Important
Gifts come in all shapes and sizes. At the Community Foundation, we strive to offer you a variety of giving options so that your gift can say something unique about you! You can give via cash, check or money order. ANY amount, a little or a lot, is important and valuable. You may also consider the gift of long-term appreciated securities, which can be deducted at full fair market value while avoiding capital gains tax. Gifts of real estate can include homes, condominiums, apartments, undeveloped land, or farmland. Gifts of long-term appreciated real estate offer tax advantages similar to appreciated securities.
Remembering the community in your will is easy. You may leave a percentage share of your estate or specify the dollar amount. You may decide to assign a life insurance policy and beneficiary rights to the Community Foundation. The charitable tax deduction will be for the present cash value of the policy. If the donor continues to pay annual premiums, these, too are tax deductible. The future benefit to the Foundation will be the face value of the policy. If you are the beneficiary of a trust which pays you a regular income, you may assign a portion of this income to the Foundation. You pay no further tax on this income and may take an income tax deduction for the value of the assignment.
The IRA that helps you and your spouse face retirement years can later be reduced by income, estate, and even excise taxes before it reaches your hands. By naming the Foundation as the plan beneficiary, you can ensure that all the assets will continue to benefit your community.
You may ask your employer to deduct an amount from your pay and ask your employer to forward those funds to the Foundation. Your contribution is tax-deductible.
Please consider giving to your Randolph County Community Foundation today. You may send your tax-deductible contributions to us at the address above.
Please call or email with any questions you may have.
Thank You for Your Generosity!